Trading Competition
Slither To Success
Trading Competitionđ
The higher the collective Trading Volume, the higher the prize pool!
Traders will receive the USDT rewards according to their ranking as shown below.
| Prize Pool Rank | No. of Winners to Share Rewards | Trading Volume 70% of Prize Pool | PnL 15% of Prize Pool | ROI% 15% of Prize Pool |
|---|---|---|---|---|
| đ„1 | 1 | 30% | 30% | 30% |
| đ„2 | 1 | 20% | 20% | 20% |
| đ„3 | 1 | 15% | 15% | 15% |
| 4-10 | 7 | 15% | 15% | 15% |
| 11-20 | 10 | 10% | 10% | 10% |
| 21-50 | 30 | 10% | 10% | 10% |
FAQs
Below, weâve answered some of the questions you might have about the Slither to Success Trading Competition. What are the criteria for participating in the Slither to Success Trading Competition?
1. Users must complete KYC verification to participate and claim the rewards of this campaign.
2. Users must enable the âShow in Leaderboardâ feature, selected under their Leaderboard preference.
How do I join the Slither to Success Trading Competition Trading Competition?
You can join the competition any time from 23 Jan 2025 to 16 Feb 2025. Any verified BitMEX user can participate in the competition by signing up individually.
Participants must click "Join now" to make sure the button is changed to "Youâre in đ" to be considered a valid participant of the event. Otherwise, your participation will be void.
How does the Slither to Success Trading Competition Trading Competition work?
Those in the trading competition will compete against other traders to attain the highest volume, PnL or ROI% through trading any derivatives contract on BitMEX. To be eligible for the ranking on the leaderboard, you must have at least $200,000 in total trading volume during the campaign period.
The competition will run for 22 days. It will begin on 23 Jan 2025 at 11:00 am UTC and end on 16 Feb 2025 at 11:59 pm UTC.
What are the rewards of the Slither to Success Trading Competition?
A prize pool of up to 188,888 USDT is available to the Top 50 Traders ranked across three leaderboards 1) Highest Trading Volume, 2) Highest PnL, 3) Highest ROI% (Return on Investment %).
You can check the current Prize Pool at the top of this page, and your ranking and estimated reward in each leaderboard.
How are the rewards of the leaderboard divided and distributed? 1. Highest Trading Volume
Top 50 winners by Trading Volume will share 70% of the final prize pool.
Top 1: 30% share of the trading volume prize pool (1 reward)
Top 2: 20% share of the trading volume prize pool (1 reward)
Top 3: 15 share of the trading volume prize pool (1 rewards)
Top 4-10: 15% share of the trading volume prize pool (7 rewards)
Top 11-20: 10% share of the trading volume prize pool (10 rewards)
Top 21-50: 10% share of the trading volume prize pool (30 rewards)
2 Highest PnL
Top 50 winners by PnL will share 15% of the final prize pool
Top 1: 30% share of the trading volume prize pool (1 reward)
Top 2: 20% share of the trading volume prize pool (1 reward)
Top 3: 15 share of the trading volume prize pool (1 rewards)
Top 4-10: 15% share of the trading volume prize pool (7 rewards)
Top 11-20: 10% share of the trading volume prize pool (10 rewards)
Top 21-50: 10% share of the trading volume prize pool (30 rewards)
3. Highest ROI%
Top 50 winners by ROI% will share 15% of the final prize pool
Top 1: 30% share of the trading volume prize pool (1 reward)
Top 2: 20% share of the trading volume prize pool (1 reward)
Top 3: 15 share of the trading volume prize pool (1 rewards)
Top 4-10: 15% share of the trading volume prize pool (7 rewards)
Top 11-20: 10% share of the trading volume prize pool (10 rewards)
Top 21-50: 10% share of the trading volume prize pool (30 rewards)
4. Flop Trader Prizes BitMEX will reward 5 bottom traders (in terms of accumulated PnL) with a 1,000 USDT bonus. To be eligible for the Flop Trader prizes, they must be ranked on the PnL leaderboard and have a minimum $200,000 total trading volume during the competition period.
Am I eligible for multiple rewards if I rank on different leaderboards?
Yes, if you rank among the Top 50 traders on multiple leaderboards, you are eligible for all the rewards. To qualify for the competition rewards, you must have a total trading volume of at least $200,000 during the campaign period.
What is the calculation formula for each leaderboard?
Trading Volume: All trading volume from any derivatives contracts will be counted toward the competition from the moment of participation.
PnL = PnL / (Initial Equity + Total Deposit Amount) * 100%
ROI% = [Unrealised PnL + Realised PnL - Initial Unrealised PnL]
Slither to Success Trading Competition: Terms and Conditions
This competition takes into account the trading volume generated on all derivatives contracts on BitMEX.
All winners are identified according to the competition leaderboard snapshot at 23:59 PM UTC on 16 February 2025.
Winners of the competition will be notified by BitMEX and rewards will be credited into usersâ BitMEX.com wallets within 5 working days after the competition ends.
Competition Rules:
Participation criteria: To participate, traders must be clarified and have âShow in Leaderboardâ selected under their Leaderboard preference.
Winning criteria: To be eligible for the competition reward, traders must have at least $200,000 in total trading volume during the campaign period.
Flop Trader Prizes: To be eligible, winners of the Flop Prizes by PnL must be ranked as one of the Top 100 raders by Total Trading Volume.
Trading volume from linked accounts is calculated separately on the leaderboard.
No corporate entities nor individual users trading via corporate accounts will be permitted to take part in this competition.
This competition is only available to retail users.
All users participation in the competition shall remain subject to our Terms of Service, Exchange Rules, Guild terms and FAQs, and any other terms or directions we may provide.
We reserve the right to modify these terms at our sole discretion. Trading derivatives is high risk, please refer to our Terms of Services here and Risk Disclosure Statement here.